One of my first clients is retiring this year using that strategy.  

@Phillip Austin Rent by the room investing is an excellent strategy.

As for strategies, do you have any other skill set that you can bring to an experienced operator?

Since your post is a bit older, I stumbled upon it while researching strategies for navigating 1031 exchanges in this tricky high-interest-rate market.

The issues with househacking-type strategies typically arise when you apply for a new loan.

Have you considered other strategies?

OR it may be the spark needed to build out your next RE revenue strategy.  

As a rental, tenants will likely prioritize the location over minor inconveniences.Your strategy of betting on appreciation and eventually pulling equity makes a lot of sense in this market.

Quote from @Scott Tennell: What creative financing strategies have you found to be the most effective in today's real estate market, especially in terms of working with sellers or investors in challenging conditions?

Additionally, are there any other methods, approaches or strategies you’d suggest for someone just starting out in this space?